SOURCE: Jaclyn

May 19, 2008 10:23 ET

Jaclyn, Inc. Announces Voluntary Delisting of Common Stock and Approval of Listing on OTCQX(SM) Tier of Pink OTC Markets Inc.

MAYWOOD, NJ--(Marketwire - May 19, 2008) - Jaclyn, Inc. (PINKSHEETS: JCLN) announced that effective today, at the Company's request, the Company's shares of common stock have been delisted from the American Stock Exchange. As previously disclosed, on May 7, 2008, the Company filed a Form 25 with the Securities and Exchange Commission to voluntarily withdraw its common stock from listing on the American Stock Exchange and to deregister its common stock under Section 12(b) of the Exchange Act. The Company's common stock is listed on the OTCQX(SM) market tier of Pink OTC Markets Inc. (formerly Pink Sheets LLC).

Forward-Looking Statements

Note: This press release may contain forward-looking statements that are being made pursuant to the Private Securities Litigation Reform Act of 1995, which provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information so long as those statements are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those discussed in the statement. Our forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual results, performance or achievements to differ materially from those described or implied in the forward-looking statements, including, but not limited to, general economic and business conditions; competition in the accessories and apparel markets, potential changes in customer spending; acceptance of our product offerings and designs; the variability of consumer spending resulting from changes in domestic economic activity; any significant variations between actual amounts and the amounts estimated for those matters identified as our critical accounting estimates, as well as other significant accounting estimates made in the preparation of our financial statements; and the impact of hostilities in the Middle East and in other geographic areas, as well as other geopolitical concerns. Accordingly, actual results may differ materially from such forward-looking statements. Our forward-looking statements are based on our current expectations, assumptions, estimates and projections about the Company and involve significant risks and uncertainties. The Company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.

Contact Information

  • Company Contact:
    Anthony Christon
    Chief Financial Officer
    Jaclyn, Inc.
    (201) 909-6000